Summary

Oman Property

The Sultanate of Oman is a key market in the Gulf Cooperation Council (GCC), still relatively undervalued, and identified by Stow as an excellent investment opportunity. The outlook for Omani real estate is extremely promising. The economy continues to grow and the country is making steady progress towards economic diversification. It is also one of the more politically stable countries in the region and, as a result, attracts a healthy tourist trade.

The real estate market in Oman is expected to continue to gain momentum over the short to medium term, underpinned by a high population growth rate, favorable demographics (the average age is 26), an influx of expatriates, responsive foreign ownership laws and airport expansion. In addition land in Oman is still cheaper than in other GCC countries and there is a shortage of hotel rooms and luxury apartments.

To capitalize on the opportunity we opened an office in Muscat in 2007, and have now established joint ventures with strong local partners to support our entry to this market.  

With a team on the ground making things happen, we are well down the road to realizing of several opportunities, ranging from residential and retail developments to leisure and tourism projects, in Muscat and beyond.